23-01-2023, 03:18 PM
(24-11-2022, 12:20 AM)Antti-L Wrote: > In TIMES, mode-specific elasticities (e.g., for car demands) are only possible by defining component-specific cross-price elasticities (e.g., COM_ELAST(r,t,TPCAR,ANNUAL,'FX')). However, those component-specific cross-price elasticities take only effect, if they are stronger than the defined cross-price elasticity of the aggregated demand. Can you confirm this until here?
Yes, confirmed, but can you still explain why you say "only possible"? Nested CES structures, which are often employed for mode-specific elasticities, are also possible. What all is missing?
Antti, I realized that I didn't get back to your latest question anymore.
The "only possible" was not meant in a way that I would expect more functionalities but was rather supposed to indicate that this is the way how mode-specific elasticities are implemented "correctly".
Thanks again for the feedback you provided - it helped me very much in proceeding with my research.